Downtown LA warehouse lists $2.4M

A 6,150-square-foot warehouse in Downtown Los Angeles’ Fashion District has come to market as a compact infill industrial option at a time when small-bay space remains closely watched across the LA Basin. The property at 639 Maple Ave is listed for sale at $2.4 million, or $390.24 a square foot, and is also being offered for lease at $13.20 per square foot a year, according to marketing materials on LoopNet and Showcase. The building sits on a 6,316-square-foot lot and is being pitched as a freestanding warehouse with ground-level loading, 20-foot clear height and 24-hour access. The listing says the site is in the heart of the Fashion District, a dense apparel and wholesale corridor in Downtown Los Angeles. ### Which building is on the market, and what are the terms? 639 Maple Ave is being marketed as a freestanding industrial building in ZIP code 90014, with sale pricing at $2.4 million and lease pricing at $13.20 per square foot annually. (loopnet.com) LoopNet’s listing describes the property as “back on the market” with a “price improvement,” though the current materials do not specify the prior asking price. The offering materials also cite 400 amps, 220 volts and three-phase power. Those details place the asset in the category of functional small-bay buildings that can serve light industrial, apparel and urban distribution uses rather than large-format regional logistics. ### Why does a 6,150-square-foot building matter in this part of Los Angeles? The LA Fashion District describes itself as the West Coast hub of the apparel industry and says the district spans 100 blocks in Downtown Los Angeles. (loopnet.com) That backdrop helps explain why a small freestanding warehouse there can attract interest from apparel manufacturing, wholesale distribution and related users that need close-in space rather than a larger box farther east. (showcase.com) LoopNet’s marketing materials say the property is within walking distance of multiple Metro Rail stations and has access to the Historic Core, Arts District, South Park and Civic Center. Infill users looking for central Los Angeles access often weigh those location factors alongside rent and loading configuration. ### How does the asking rent compare with other Fashion District listings? (fashiondistrict.org) Showcase’s current Fashion District industrial listings show asking rents across nearby spaces ranging from about $10.20 to $39.00 per square foot annually, with several warehouse listings in the low-teens band. The 639 Maple Ave asking rate of $13.20 per square foot a year places it within that visible range for smaller industrial offerings in the submarket. (loopnet.com) A nearby example in the same Showcase results includes 929 E 14th St, a 5,700-square-foot industrial listing marketed at $13.20 to $33.96 per square foot annually. Other Fashion District availabilities in roughly comparable size bands are shown at $12.00, $13.80 and $14.40 per square foot annually, according to the marketplace page. ### What does the sale price imply for small-bay pricing? (showcase.com) The $2.4 million asking price works out to about $390.24 per square foot, based on the 6,150-square-foot building size shown in the listing. That gives brokers and owners a fresh point of reference for compact infill product in central Los Angeles, where freestanding buildings with loading and clear height can trade on functionality as much as on age or finish. (showcase.com) The listing does not disclose an expected closing date, seller identity or whether the property is vacant. LoopNet and Showcase both continue to show the offering as active, with broker contact information attached to the marketing pages for prospective buyers and tenants seeking tours or additional underwriting details. (loopnet.com)